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Vostro Account
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Definition of 'Vostro Account'
The account a correspondent bank, usually U.S. or UK, holds on behalf of a foreign bank. Also known as a loro account.
Investopedia explains 'Vostro Account'
Vostro is latin for yours.
Related Definitions
Account
1. An ...
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An account that ...
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A liability ...
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Pro-Tanto
A Latin phrase ...
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Cross-Currency Settlement Risk
A type of ...
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Forfeiture
The loss of an ...
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A method whereby ...
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Money Supply
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